Glenfarne and BGN Heads of Agreement Secures 1 Mtpa LNG Supply from Texas Facility

Glenfarne Global Commodities, the LNG marketing and trading division of Glenfarne Group, has entered into a heads of agreement with BGN to secure a long‑term supply of one million tonnes per year of LNG.

The LNG will be sourced from the Texas LNG export terminal in Brownsville, Texas, which is owned and operated by Glenfarne Energy Transition, a subsidiary of Glenfarne Group.

The heads of agreement outlines the parties’ intent to negotiate a definitive 20‑year sale and purchase agreement.

The final terms of the long‑term contract with BGN are contingent upon completing negotiations and executing the SPA.

The Texas LNG project is designed for a capacity of four million tonnes per annum, with commercial operation expected to begin in 2028.

The project has received approval from the U.S. Federal Energy Regulatory Commission.

Glenfarne describes the project as “Green by Design,” noting it will power its electric motors with renewable energy to reduce greenhouse‑gas emissions from liquefaction.

Glenfarne Group CEO and founder Brendan Duval said, “This agreement with BGN highlights the continued expansion of Glenfarne Global Commodities as a global LNG portfolio business.”

“By coupling LNG production assets with an integrated trading and marketing platform, Glenfarne is building the flexibility to supply secure, reliable LNG to markets where demand is rising.”

“We are pleased to partner with BGN and look forward to developing a long‑term commercial relationship as we expand our global LNG platform.”

BGN is a privately held international energy and commodities trading company with operations in roughly 20 locations worldwide, trading LNG, LPG, crude oil, refined products, biofuels and other energy commodities.

The collaboration between BGN and Glenfarne Global Commodities seeks to meet rising demand for a diversified LNG supply.

BGN Chief Operating Officer Wael Amer said, “Expanding our LNG business is a key component of BGN’s global growth strategy, and we are pleased to have signed this heads of agreement with Glenfarne Global Commodities.”

“Glenfarne’s integrated LNG platform and expanding production portfolio make it an attractive long‑term partner that will help us reach our objectives and satisfy customers’ need for reliable, flexible LNG supply.”

As the Texas LNG project moves toward a final investment decision and additional LNG capacity is being developed in Alaska and Louisiana, Glenfarne Global Commodities aims to broaden its presence across Atlantic and Pacific Basin markets.

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